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Experts accused Codelco for not having a protection plan for fall in copper price

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The National Copper Corporation announced cutbacks for over US million for the current year, due to the sustained drop on copper prices. The red metal’s price closed this week under the 2 dollars per pound. Amount that has generated concern inside the Government and maintains the experts attentive to the crisis.

The economist Cristián Cerna, emphasized that Codelco spent with no moderation when the metal reached US per pound and now is trying to replace the costs of those mistakes.

On his behalf, the economist and expert, Pablo Pincheira said that this fall on the copper prices will be permanent, thus, the reduction of costs by Codelco is going to continue.

The copper price closed the day scoring US.95, that is 55 cents under the national budget expectations.

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